Countries around the globe, including the U.S., have set lofty goals to reduce carbon emissions. In doing so, they have applied pressure to corporations to reduce their carbon footprints to meet environmental goals...
Continue Reading(Bloomberg) -- Amazon.com Inc. said it’s closing six Whole Foods Market locations in four states, almost two months after shutting dozens of bookstores and gift shops around the country.Most Read from BloombergBiden Eyes Student-Loan Forgiveness Starting at $10,000China Calls Russia Relationship a ‘New Model’ for the WorldElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesUkraine Latest: Germany Says Won’t Block a Russian Oil EmbargoAlarmed by Russia’s Invasion, Europe Rethinks...
Continue ReadingThere wasn’t much to celebrate in Big Tech earnings, but there was plenty to learn about the state of the world and the economy...
Continue ReadingWall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates...
Continue ReadingAmazon reported a first-quarter loss, the first in years, attributing the result to macro headwinds like inflation and other costs...
Continue ReadingWhat happened Shopify (NYSE: SHOP) sank 3.7% on Friday, as Amazon.com's (NASDAQ: AMZN) post-earnings plunge intensified investors' fears of an industrywide slowdown. So what Amazon's shares dropped 14% after the e-commerce colossus said its online retail sales fell 3% year over year in the first quarter...
Continue ReadingThe pandemic boom for Amazon is no more. The company recorded a net loss of $3.8 billion for the first three months of the year as rising prices drove up costs in its consumer marketplace business. Amazon was one of the major beneficiaries of the pandemic lockdowns that shut brick-and-mortar businesses for lengthy periods of time...
Continue ReadingWhile concerns were already surrounding tech as the Federal Reserve hiked interest rates to curb inflation, there was still hope that tech tenors would provide some reassurance on the outlook for companies much more established. There was the hope that Apple , Amazon , Google (Alphabet) could make people forget the possible underperformance of Facebook (Meta) , or even Netflix . From the first quarter results of Facebook, Apple, Amazon, Netflix and Google, the famous FAANG, it appears that fears about a possible recession are well founded...
Continue ReadingAmazon has been branching its Just Walk Out technology outside of the Amazon Go stores where it debuted...
Continue ReadingTotal Q1 earnings for the 'Big 5 Tech' players are down -8.4% from the same period last year on +11.4% higher revenues, with a 421 basis-points (bps) compression in net margins...
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